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Sep 30, 2022
IBC Q3 2022 Earnings Report
IBC reported net income of $83.4 million and diluted earnings per share of $1.34 for the quarter ended September 30, 2022.
Key Takeaways
International Bancshares Corporation reported a strong increase in net income for the three months ended September 30, 2022, with net income reaching $83.4 million, a 52.7% increase compared to the same period in 2021. Diluted earnings per share also increased by 55.8% to $1.34. The positive results were attributed to an increase in net interest income, driven by growth in the investment securities portfolio, interest earned on funds held at the Federal Reserve Bank, and increased loan interest income.
Net income for Q3 2022 increased by 52.7% to $83.4 million compared to Q3 2021.
Diluted earnings per share for Q3 2022 increased by 55.8% to $1.34 compared to Q3 2021.
Increase in net interest income positively impacted net income for the quarter.
Total assets reached $16.1 billion, and total deposits were $12.9 billion as of September 30, 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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